OISGX vs. ALFAX

Last updated Jun 26, 2026

OISGX (Optimum Small-Mid Cap Growth Fund) and ALFAX (Lord Abbett Alpha Strategy Fund) are both Small Cap Growth Equities funds. Over the past 10 years, OISGX returned 13.93%/yr vs 11.14%/yr for ALFAX. With a 0.95 correlation, they move nearly in lockstep. OISGX charges 1.29%/yr vs 1.40%/yr for ALFAX.

Performance

OISGX vs. ALFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimum Small-Mid Cap Growth Fund (OISGX) and Lord Abbett Alpha Strategy Fund (ALFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OISGX achieves a 16.81% return, which is significantly lower than ALFAX's 20.22% return. Over the past 10 years, OISGX has outperformed ALFAX with an annualized return of 13.93%, while ALFAX has yielded a comparatively lower 11.14% annualized return.

OISGX

• 1D: 0.68%
• 1M: 2.90%
• YTD: 16.81%
• 6M: 14.25%
• 1Y: 33.52%
• 3Y*: 15.12%
• 5Y*: 4.07%
• 10Y*: 13.93%

ALFAX

• 1D: 0.16%
• 1M: 1.03%
• YTD: 20.22%
• 6M: 17.80%
• 1Y: 32.17%
• 3Y*: 16.55%
• 5Y*: 5.23%
• 10Y*: 11.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

OISGX vs. ALFAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OISGX Optimum Small-Mid Cap Growth Fund	16.81%	9.56%	14.23%	13.92%	-28.00%	12.89%	57.04%	25.72%	-3.00%	27.59%
ALFAX Lord Abbett Alpha Strategy Fund	20.22%	8.80%	13.18%	13.92%	-23.50%	15.01%	26.16%	24.95%	-9.72%	20.61%

Correlation

The correlation between OISGX and ALFAX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jul 23, 2003	0.95

The correlation between OISGX and ALFAX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

OISGX vs. ALFAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OISGX

OISGX Risk / Return Rank: 42
OISGX Sharpe Ratio Rank: 42
OISGX Sortino Ratio Rank: 41
OISGX Omega Ratio Rank: 38
OISGX Calmar Ratio Rank: 41
OISGX Martin Ratio Rank: 46

ALFAX

ALFAX Risk / Return Rank: 61
ALFAX Sharpe Ratio Rank: 52
ALFAX Sortino Ratio Rank: 53
ALFAX Omega Ratio Rank: 48
ALFAX Calmar Ratio Rank: 78
ALFAX Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OISGX vs. ALFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimum Small-Mid Cap Growth Fund (OISGX) and Lord Abbett Alpha Strategy Fund (ALFAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OISGX	ALFAX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.77	-0.22
Sortino ratio: Return per unit of downside risk	2.19	2.51	-0.31
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	2.10	3.05	-0.95
Martin ratio: Return relative to average drawdown	8.15	11.61	-3.46

OISGX vs. ALFAX - Sharpe Ratio Comparison

The current OISGX Sharpe Ratio is 1.54, which is comparable to the ALFAX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of OISGX and ALFAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OISGX vs. ALFAX - Drawdown Comparison

The maximum OISGX drawdown since its inception was -62.75%, which is greater than ALFAX's maximum drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for OISGX and ALFAX.

Drawdown Indicators

	OISGX	ALFAX	Difference
Max Drawdown Largest peak-to-trough decline	-62.75%	-57.11%	-5.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.52%	-10.31%	-5.21%
Max Drawdown (3Y) Largest decline over 3 years	-29.82%	-25.01%	-4.81%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-33.88%	-1.75%
Max Drawdown (10Y) Largest decline over 10 years	-39.22%	-40.29%	+1.07%
Current Drawdown Current decline from peak	-1.17%	-1.73%	+0.56%
Average Drawdown Average peak-to-trough decline	-12.23%	-12.84%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	2.71%	+1.28%

Volatility

OISGX vs. ALFAX - Volatility Comparison

Optimum Small-Mid Cap Growth Fund (OISGX) and Lord Abbett Alpha Strategy Fund (ALFAX) have volatilities of 7.30% and 7.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OISGX	ALFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	7.05%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	16.51%	14.23%	+2.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.18%	17.86%	+3.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.30%	20.01%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.45%	20.74%	+2.71%

OISGX vs. ALFAX - Expense Ratio Comparison

OISGX has a 1.29% expense ratio, which is lower than ALFAX's 1.40% expense ratio.

Dividends

OISGX vs. ALFAX - Dividend Comparison

OISGX's dividend yield for the trailing twelve months is around 2.27%, less than ALFAX's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALFAX Lord Abbett Alpha Strategy Fund	4.41%	5.30%	0.80%	0.46%	6.94%	5.38%	7.99%	14.66%	16.61%	11.96%	11.85%	15.83%
OISGX Optimum Small-Mid Cap Growth Fund	2.27%	2.65%	0.00%	0.00%	8.92%	32.79%	15.04%	9.33%	24.93%	4.21%	0.00%	15.87%

Frequently Asked Questions

Can I hold both OISGX and ALFAX in my portfolio?

With a correlation of 0.95, OISGX and ALFAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OISGX or ALFAX?

OISGX has higher volatility (7.30%) compared to ALFAX (7.05%). In terms of maximum drawdown, OISGX dropped -62.75% vs ALFAX's -57.11%.

Which has better risk-adjusted returns?

ALFAX currently has the higher Sharpe Ratio (1.77 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.